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orionstarman
Penny Pincher Member
USA
106 Posts |
 Posted - 08/09/2009 : 20:18:24
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quote:
Originally posted by Country
VERY BULLISH INDICATOR
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Ok, I just don't get it. The market is up about 3000 pts. from the March lows and looking strong. But, if you look a little deeper nothing has changed from 2008. As a matter of fact many of the things that led to the meltdown have gotten worse not better (debt, deficit, employment).
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So, what is driving the market up? |
Those who would give up essential liberty to purchase a little temporary safety deserve neither liberty nor safety.--Benjamin Franklin
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 08/09/2009 : 20:29:51
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Liquidity. Bailout money and other printing presses around the world. It is a flood of money. IMHO, the inflation has begun.
Peter Schiff predicted in just the past few days that we would have $100 oil, $1000+ gold, and rising interest rates by the end of this year. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
Theodore Roosevelt
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Edited by - Country on 08/09/2009 20:44:18 |
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Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 08/09/2009 : 22:10:35
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| And you are predicting a bull market? |
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silverhalide
Penny Sorter Member
92 Posts |
Posted - 08/10/2009 : 04:56:05
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When the fed is printing money at a record pace since this crisis began and you are getting nothing for holding it where else do you think the money would eventually wind up? The only problem is it took the sheeple this long to figure this out.
As for markets they have always been a forward looking indicator to the economy.
Monetary policy still remains very accommodative so I have to say we will likely to have a continued upward bias but I think the easy money has been made in this broad based upward move.
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 08/10/2009 : 06:48:59
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quote:
Originally posted by orionstarman
The talking heads on the cable news shows would have us believe that we are now in a recovery but people like Peter Schiff and Mark Faber tell us that the recession has only just begun. I'm betting on Mark and Peter. I see alot of the good earnings reports that have come out lately are due, at least in part, to employee layoffs and not increased sale's. But, the talking heads are still there saying all is looking up. So who's right the Bulls or the Bears?
Peter Schiff agrees that the recession is now over. He also believes that the depression is just beginning. Also, interesting to note that Jim Rogers believes that the Dow could go to 1,000,000 and still not be at an inflation adjusted high
Cheers!
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The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 08/10/2009 : 06:52:01
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quote:
Originally posted by Ant
The markets rose on reports of profits. If firms don't continue to perform, then this blip will be just that, a blip, a bear market rally...
The markets rose on beating expectations- not reporting profits. Losing less than expected has given many something to cheer about- LOL |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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Nickelless
Administrator
USA
5580 Posts |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 08/10/2009 : 14:12:41
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It's a bull market in equities. The only question now is how long will be the duration of this bull market. We shall see.
Its a New Bull Market
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This Bull Needs a Breather
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---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
Theodore Roosevelt
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Edited by - Country on 08/10/2009 14:21:05 |
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jonflyfish
Penny Hoarding Member
USA
693 Posts |
Posted - 08/10/2009 : 15:54:26
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| The bull market must go on. The USD is near all time lows. On a PPP level you'll see the stock market go up and your dollar go down even faster. Had a good hand and called the market bottom on my blog in real time when the SP 500 was at 667. Turns out that it was 1 point off the lows- but hey nobody is perfect. Funny to see all the newly converted bulls come out in droves with their megaphones after 5 months of historic market rally. What would the market do without them? LOL |
The first panacea for a mismanaged nation is inflation of the currency; second is war. Both bring a temporary (and false) prosperity; both bring a permanent ruin. But both are the refuge of political and economic opportunities. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 08/10/2009 : 15:58:04
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quote:
Originally posted by jonflyfish
The bull market must go on. The USD is near all time lows. On a PPP level you'll see the stock market go up and your dollar go down even faster. Had a good hand and called the market bottom on my blog in real time when the SP 500 was at 667. Turns out that it was 1 point off the lows- but hey nobody is perfect. Funny to see all the newly converted bulls come out in droves with their megaphones after 5 months of historic market rally. What would the market do without them? LOL
Nice call. Can a fellow investor have the link to your blog? |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
Theodore Roosevelt
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Recovery or Bear market rally???
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